Business Finance
A Customer Deposit Is Not Automatically Revenue Earned
Receiving a deposit improves cash on hand, but revenue recognition depends on the contract and work performed. Keep cash movements separate from earned revenue.
MODELS · PROCESS · PEOPLE
business records
Company Research
A Registered Office May Tell You Little About Daily Operations
Read a company’s registered office as one administrative data point and verify operational addresses separately when researching a business.
Business Operations
A Credit Note Changes the Invoice Record; a Refund Moves the Money
A credit note records an adjustment to a charge, while a refund records money returned. Keep both steps clear when resolving an invoice change.